🚨ATTENTION🚨

🩸Recessionary ECONOMIC DATA begins to arrive

⚠️This data is known at a time when investors are closely watching for any signs of a possible ECONOMIC SLOWDOWN

What are the new data and why do they MATTER?

👉The opening of NEW JOBS PLUNGED, from 7.480M to 7.192M while 7.490M was expected

-It is the WORST reading in 4 years and WORSE than expected

👉Consumer confidence PLUNGED for the fifth consecutive month and more than expected as fears about employment rise

-Dropped to its lowest level since the early days of the COVID-19 pandemic, from 93.9 to 86, while 87.7 was expected

📍The WEAKENING of the LABOR MARKET and CONSUMER STRENGTH is TYPICAL of recessions

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